Real Estate

Real Estate Transactions

Venture debt firm Stride Ventures announces first close of second fund at Rs.550-Cr

Inc42  

Delhi-based venture debt firm Stride Ventures has announced the first close of Stride Ventures India Fund II, securing commitments of INR 550 crore. The fund's target corpus is pegged at INR 1,000 crore, with an additional greenshoe option of INR 875 crore. In addition to family offices and institutional investors, the firm will diversify its investor base outside India for Stride Ventures India Fund II, on the lines of the maiden fund. The firm aims to ramp up deployment in late stage startups across sectors like B2B commerce, healthcare, agritech, fintech and D2C brands with average ticket size upto INR 75 crore. Stride Ventures had closed its maiden fund earlier this year after overshooting its initial target corpus of INR 350 crore (USD 48 million), of which INR 85 crore (USD 11 million) was invested by state-run Small Industries Development Bank of India (SIDBI). It has funded more than 20 startups from Stride Ventures India Fund I.